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Table 22-16
Citizens in a small town are deciding how best to develop a plot of land at the center of town. They have narrowed the options to: a park, town hall, gas station, restaurant. The voters' preferences are shown in the table below.
-Refer to Table 22-16.If the election is conducted by instant runoff,the first votes to be reassigned will be the first choice votes for
Contract
A legally binding agreement between two or more parties that creates mutual obligations enforceable by law.
UCC Contract
A contract regulated under the Uniform Commercial Code, which governs commercial transactions in the United States.
Terms
Conditions and stipulations outlined in a contract or agreement, specifying the rights and obligations of the parties involved.
Goods
Tangible or physical items that can be bought, sold, or produced.
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